Bitcoin Magazine VanEck Launches All-in-One Wealth Builder ETF With Bitcoin Exposure
VanEck launched the Wealth Builder ETF today, trading on the NYSE under the ticker WBMO. The actively managed fund packages the firm’s Wealth Builder model portfolios, which advisers have used through third-party platforms, into one product anyone with a brokerage account can buy.
VanEck , which oversees about $244 billion in assets, selects the holdings, sets the weights and rebalances the portfolio.
VanEck describes the product as a way to “gain exposure to a broad mix of investments across stocks, bonds, gold, and bitcoin with a single ETF purchase.” The fund holds global stocks, bonds, gold and other real assets.
Its bitcoin exposure is indirect. WBMO owns no bitcoin. A wholly owned Cayman Islands subsidiary holds certain investments and gains digital asset exposure through exchange-traded products, which are funds that hold bitcoin or track it.
Source: Bitcoin Magazine
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